20 Facts About DreamWorks SKG

In 2008, DreamWorks SKG announced its intention to end its partnership with Paramount and made a deal to produce films with India's Reliance Anil Dhirubhai Ambani Group, re-creating DreamWorks SKG Pictures as an independent entity.

The following year, DreamWorks SKG entered into a distribution agreement with Walt Disney Studios Motion Pictures, wherein Disney would distribute DreamWorks SKG films through Touchstone Pictures; the deal continued until 2016.

Currently, DreamWorks SKG operates out of offices at Universal Studios Hollywood.

DreamWorks SKG is distinct from its former animation division of the same name, which was spun-off in 2004 and became a subsidiary of NBCUniversal in 2016.

DreamWorks SKG was set up to produce series for broadcast networks, cable channels and first run syndication, with no first-look guarantee for ABC, but financial incentives favored the network.

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In June 1995, DreamWorks SKG announced that it had signed a $1 billion deal with MCA Inc to distribute its theatrical releases in other countries and its home video releases worldwide over 10 years.

In 1996, the company's record label, DreamWorks SKG Records, was founded, the first project of which was George Michael's album Older.

In 1997, DreamWorks SKG Pictures released its first three feature films, The Peacemaker, a film about terrorism; Amistad, Spielberg's first film for the studio about an African slave rebellion and the aftermath of the massacre; and Mouse Hunt, the studio's first family film about two brothers trying to fight a mischievous mouse.

In 2000, DreamWorks SKG was planning in building a studio backlot after buying 1,087 acres of land in the Playa Vista area in Los Angeles.

However, The Chumscrubber was a commercial and critical failure, which led DreamWorks SKG to shut down the division in 2007 shortly after the release of the Japanese film Casshern.

Period beginning October 1,2004 to January 31,2006, DreamWorks SKG films were distributed in the domestic theatrical and worldwide television market by DreamWorks SKG Pictures and in international theatrical and worldwide home entertainment markets by Universal Pictures.

On October 27,2004, DreamWorks SKG Animation was spun off into a separate public company.

The acquisition of the live-action DreamWorks SKG studio was completed by the second iteration of Viacom, which had recently split from the original at the end of 2005, on February 1,2006.

In June 2008, it reported that DreamWorks SKG was looking for financing that would allow it to continue operations, but as an independent production company, once its deal with Paramount ended later that year.

In September 2008, it was announced that DreamWorks SKG closed a deal with Indian investment firm Reliance Anil Dhirubhai Ambani Group to create a $1.

On February 9,2009, DreamWorks SKG Pictures entered into a long-term, 30-picture distribution deal with Walt Disney Studios Motion Pictures, by which DreamWorks SKG' films would be released through the Touchstone Pictures banner, with Disney collecting a 10 percent distribution fee.

DreamWorks SKG raised $325 million from Reliance Entertainment and an additional $325 million in debt in 2009.

Under the deal, DreamWorks SKG Pictures scaled back production to three films per year and sought co-financiers on big budget films, such as 20th Century Fox, who co-financed Lincoln and Bridge of Spies.

DreamWorks SKG continued to have Disney distribute and market their films.

DreamWorks SKG Home Entertainment was a home entertainment unit of DreamWorks SKG Pictures, formed on October 12,1998.